Market Overview
Home Prices in Lemmon, SD
The median home value in Lemmon, SD is $122,195 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 7.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lemmon are priced70% below average.
Over the past five years, Lemmon home values have risen by approximately38.1%, reflecting strong long-term appreciation in this market.
Price History
Lemmon Home Price Trend
2020
$76,169
$76K
—
2021
$88,495
$88K
+16.2%
2022
$100,485
$100K
+13.5%
2023
$98,600
$99K
-1.9%
2024
$111,420
$111K
+13.0%
2025
$119,610
$120K
+7.4%
2026
$122,195
$122K
+2.2%
City Comparison
Lemmon vs. National Median
🏠 Lemmon
$122,195
National Median
$410,000
At $122,195, homes in Lemmon cost 70% below the national median of $410,000. This makes Lemmon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lemmon?
20% Down Payment
$24,439
on $122,195
Monthly P&I
$637/mo
30-yr @ 6.8%
Total Monthly Est.
~$809/mo
incl. taxes & insurance
Income Needed
$32,360
gross annual (30% rule)
10% Down Option
$12,220
+ PMI applies
Loan Amount (20% dn)
$97,756
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lemmon, SD?
The median home value in Lemmon is $122,195 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Lemmon?
Over the past year, home values in Lemmon have increased by 2.2%. Over five years, prices have risen approximately 38.1%.
How much do I need to earn to buy a home in Lemmon?
To comfortably afford the median home price of $122,195 with a 20% down payment ($24,439) at today's rates (6.8%), you'd need a gross annual income of approximately $32,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Lemmon compare to the national average home price?
The national median home value is approximately $410,000. At $122,195, homes in Lemmon are 70% below the national average.